Loss Mitigation
This coverage transfers the financial risk in connection with uninsured and underinsured corporate liabilities to an insurance policy. Your general liability policy does not cover this exposure. Benefits of a loss mitigation program may include:
- Quantify the potential value of an unresolved liability
- Transfer finite liabilities to an insurance policy
- Establish maximum level of future financial risk, allowing the pursuit of business options previously prohibited by open claims or litigation
- Defer litigation-related expenses over time
- Optimize tax strategies and cash flow
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